Create a GIC for Wheat Pool Distributions No Loan

Use Agrimaster Grain Income Calculator (GIC) to track cropping payments and activity when the financial activity happens in 2 or more budget years.

The typical cropping scenario in the GIC contains 18 months from the start of the first loan distribution to the date of payment for the receipt of grain. The GIC feeds the financial data from the 18-month cycle into the correct budget years. The GIC is setup to handle back-to-back years of the same cropping activity.

Using the GIC saves you from having to manually track remainders of loan distributions or outstanding payments for grain between 2 or more budget years. The GIC data is also sorted into the correct years for your Statement of Position Report.

Start a New GIC Worksheet for Wheat Pool Distributions with No Loan

1.Before you start a new Grain Income Calculator (GIC)

Create and enter the data into the Cropping Production Worksheet

Confirm your Wheat Pool contract will cross over 2 or more budget years from the date of the first loan distribution to the date of the last payment for the grain

Do not use the GIC if all of the transactions are within a single budget year. Instead, use the Cropping Pool Income Worksheet

2.Print the Cropping Production Worksheet

3. Click on the green tick to OK and click on to close

4. Click on Home

5. Click on Budget

6. Click on Full Budget

7. Click on Worksheets

8. Click on Grain Income Calculator

1.Action on Sets

Select New

2.Enter name for NEW empty grain income set

Type a recognizable name that includes the type of GIC No need to add the year to the title – use the same GIC for a series of years that use the same Wheat Pool contract